Good morning, you're tuned in to Markets Desk.
GE Aerospace raised its full-year profit outlook this morning, but the market wasn't buying it — shares fell after earnings as investors zeroed in on a meaningful deceleration in order-book growth. When a defense and aviation name trades on momentum, slowing orders can outweigh better guidance, and that's exactly what played out today.
Shifting to fixed income and Fed policy, Morgan Stanley's chief strategist is flagging a significant shift in how to read the bond market if Kevin Warsh takes the Fed's helm. The argument is that under a Warsh framework, longer-dated Treasury yields could compress rather than rise with growth — which would be genuinely good news for mortgage borrowers and homeowners watching rates.
And in the technology space, AT&T says its artificial intelligence-driven network management system reduced customer downtime by more than twelve million hours. The platform, called EEIM, uses predictive AI agents to identify and resolve outages before they escalate — a meaningful operational win for a carrier managing one hundred forty-five million wireless subscribers.
That's the tape. Markets Desk, signing off the floor.
